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Market Pulse

Market Pulse May 2018

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Published On:
05-25-2018

Description

The National Budget of Bangladesh for the fiscal year 2018-19 (FY19) has been published on June 7, 2018. The government has set GDP growth target at 7.8% for FY19; 40 bps higher than the 7.4% growth target of FY18. Bangladesh achieved 7.28% GDP growth in FY18 (provisional) amidst a number of global uncertainties. After completing the Millennium Development Goals (MDGs) with tremendous success, Bangladesh has stepped into the era of Sustainable Development Goals (SDGs). The budget size is BDT 4645.73 billion which is 25.0% higher than compared to that of the FY18 revised budget and the largest of its history. The budget has revenue target of BDT 3392.80 billion which is 30.8% higher than that of the FY18 revised budget. Projected deficit of the budget is BDT 1252.93 billion which is 4.9% of GDP and 27.0% of the budget. Budget deficit in FY19 is 11.8% higher than the previous fiscal year. However, the government has estimated that revenue will grow at a much faster pace than public expenditure.